Dillistone Group (DSG: LSE), the UK-based supplier of recruitment software to the international recruitment industry said its Board expects the group’s 2024 results to show solid progress, with profits meeting expectations and operating performance improving significantly from the prior year, despite challenges in the recruitment market.

The group said the challenges have directly impacted the size and scale of its client base. Despite this ongoing environment, the board reported a notable improvement in a number of internal performance indicators in Q4.

Dillistone said the improvement was led by its Talentis executive search software product which saw a significant increase in demand in the final weeks of the year.

The company added that trading in January 2025 has been in line with management expectations.

Going into 2025, Dillistone received migration contracts from executive search firms in the Americas, Europe, Africa and Asia Pacific. These migrations will see clients port to Talentis from a number of other products, including both competitors and its own FileFinder systems. These add to an already global user base for the platform.

On the contingency front, the company announced that its new mid-office timesheet platform (https://www.voyagersoftware.com/online-timesheets/) entered Beta on 3 February 2025. This follows the launch of the company’s Infinity onboarding portal launched in December 2024, which has already generated its first revenue.

During 2024, the group was again operationally cash-generative and continued to pay down its Covid-era CBIL (Coronavirus Business Interruption Loan Scheme) loan in line with schedule.

The Board expects to release final results for the 12 months to 31 December 2024 by early May. 

As of last trade, Dillistone Group traded at £8.00, up 16.36% on the day and 23.08% above the 52-week low of £6.50 set on 31 January 2025. The company has a market cap of £1.40 million.